SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   Form 10-QSB

(X)  Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934

     For the quarterly period ended June 30, 2000

(    )  Transition  Report  Pursuant  to Section  13 or 15(d) of the  Securities
     Exchange Act of 1934 For the transition period from _______________ to
     ________________

     Commission file number 1-14827



                      EDUCATIONAL VIDEO CONFERENCING, INC.
                        (Exact name of small business as
                            specified in its charter)

         Delaware                                     06-1488212
         (State of other jurisdiction       (IRS Employer Identification Number)
          of incorporation of organization)


                 35 East Grassy Sprain Road, Yonkers, NY 10710
                    (Address of principal executive offices)

                                 (914) 787-3500
                (Issuer's telephone number, including area code)

Indicate by check mark whether the issuer (1) has filed all reports  required to
be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes X No__

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock,  as of the latest  practicable  date:  4,350,243  shares of Common
Stock as of August 1, 2000.

<PAGE>

                                Table of Contents

                                     Part I

                              Financial Information

Item 1. Financial Statements                                                Page
                                                                            ----

Consolidated Balance Sheet as of June 30, 2000 (unaudited)
and as of December 31, 1999 (audited)                                        3

Consolidated Statement of Operations for the three
and six month periods ended June 30, 2000 (unaudited)
and June 30, 1999 (unaudited)                                                4

Consolidated Statement of Cash Flows for the
six month periods ended June 30, 2000 (unaudited)
and June 30, 1999 (unaudited)                                                5

Notes to Consolidated Financial Statements                                   6

Item 2. Management's Discussion and Analysis of Financial Condition
        And Results of Operations

Second Quarter Developments                                                  9

Comparison of the Three Month Periods Ended
 June 30, 2000 and June 30, 1999                                            10

Comparison of the Six Month Periods Ended
 June 30, 2000 and June 30, 1999                                            11

Liquidity and Capital Resources                                             12

Forward-Looking Statements and Risk Factors                                 12

                                     Part II

                                Other Information

Item 2. Changes in Securities and Use of Proceeds                           13

Item 6. Exhibits and Reports on form 8-K                                    14

Signatures                                                                  15

Exhibit Index                                                               16

                                        2
<PAGE>
              EDUCATIONAL VIDEO CONFERENCING, INC. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEET
<TABLE>
<CAPTION>

                                                                                    June 30, 2000               December 31, 1999
                                                                                    -------------               -----------------
                                                                                     (unaudited)                     (audited)
                                        Assets

<S>                                                                                    <C>                         <C>
Current assets:
         Cash and cash equivalents........................................           $2,176,608                   $6,925,823
         Accounts receivable, net of allowance for doubtful accounts
           of $135,000 and $75,000 respectively...........................            2,221,848                      461,234
         Inventory........................................................              193,596                         ____
         Prepaid expenses and other current assets........................              354,658                      138,583
         Deferred offering costs..........................................               78,926                         ____
                                                                                    -----------                      -------
Total current assets......................................................            5,025,636                    7,525,640
                                                                                    -----------                    ---------

Property and equipment, net...............................................            4,201,399                    2,916,091
                                                                                    -----------                    ---------

Deferred income tax asset, net of valuation allowance.....................                ____                        ____
License agreement.........................................................              237,500                      200,000
Equity and other investments..............................................              145,283                      240,533
Goodwill..................................................................              919,908                       ____
Other assets..............................................................               57,966                       15,246
                                                                                    -----------                  -----------
Total assets..............................................................          $10,587,692                  $10,897,510
                                                                                    ===========                  ===========

                         Liabilities and Stockholders' Equity

Current liabilities:
         Accounts payable and accrued expenses............................              806,596                      524,539
         Current maturities of capitalized lease obligations..............               15,717                       15,717
                                                                                    -----------                  -----------
Total current liabilities.................................................              822,313                      540,256
Capitalized lease obligations, net of current maturities..................               34,331                       46,034
                                                                                    -----------                  -----------
Total liabilities.........................................................              856,644                      586,290
                                                                                    -----------                  -----------


Stockholders' equity:
         Preferred stock - $.0001 par value; authorized 1,000,000 shares,
           issuable in series; Series A, 400,000 shares designated and issued
           and outstanding .......................................................    3,408,994                        ____
         Common stock - $.0001 par value; authorized 20,000,000 shares, issued and
           outstanding 4,350,243 shares and 4,347,243 shares, respectively........          435                         435
         Additional paid-in capital...............................................   20,585,795                   19,889,224
         Accumulated deficit......................................................   14,264,176)                  (9,578,439)
                                                                                    -----------                  -----------
Stockholders' equity..............................................................    9,731,048                   10,311,220
                                                                                    -----------                  -----------
Total liabilities and stockholders' equity........................................  $10,587,692                  $10,897,510
                                                                                    ===========                  ===========
</TABLE>

                 See Notes to Consolidated Financial Statements

                                        3

<PAGE>

              EDUCATIONAL VIDEO CONFERENCING, INC. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENT OF OPERATIONS

                                   (unaudited)
<TABLE>
<CAPTION>

                                                                       Three months ended                Six months ended
                                                                 ---------------------------    -------------------------------
                                                                  June 30,         June 30,          June 30,       June 30,
                                                                   2000              1999              2000           1999
                                                                 ---------         ---------         ---------      --------
<S>                                                                    <C>               <C>             <C>               <C>
Net revenue..................................................    $1,885,296     $  192,274        $4,100,910       $   339,795
Other income.................................................         8,517           ____            33,794              ____
Interest income..............................................        49,042        140,378           133,289           197,229
                                                                     ------        -------           -------           -------

Total revenue ...............................................     1,942,855        332,652         4,267,993           537,024
                                                                  ---------        -------         ---------           -------

Operating expenses:..........................................
         Cost of sales.......................................       712,474         73,148         1,241,605           131,606
         Selling, general and administrative.................     3,659,446      1,193,314         7,093,331         2,316,654
                                                                  ----------     ---------         ---------         ---------

Total operating expenses.....................................     4,371,920      1,266,462         8,334,936         2,448,260
                                                                  ----------     ---------         ---------         ---------
Net loss.....................................................    (2,429,065)      (933,810)       (4,066,943)       (1,911,236)
                                                                  ----------     ---------         ---------         ---------
Beneficial conversion feature of preferred stock.............      (264,705)           ____         (441,176)             ____
Accreted value of warrants...................................       (31,567)           ____          (52,618)             ____
Accreted dividends on preferred stock........................       (75,000)                        (125,000)
                                                                  ----------     ---------         ---------         ---------

Net loss  available to common stockholders'..................   $(2,800,337)    $ (933,810)      $(4,685,737)      $(1,911,236)
                                                                  ==========     =========         =========         =========

Basic and diluted loss per common share......................   $     (0.64)    $    (0.21)       $    (1.07)       $    (.049)
                                                                  ==========     =========         =========         =========


Weighted average number of common shares outstanding.........     4,347,309      4,347,243         4,347,276         3,944,655
                                                                  ==========     =========         =========         =========
</TABLE>


                 See Notes to Consolidated Financial Statements


                                      4
<PAGE>

              EDUCATIONAL VIDEO CONFERENCING, INC. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENT OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                                  Six months ended

                                                                                  -------------------------------------------------
                                                                                             June 30, 2000       June 30, 1999
                                                                                             -------------       -------------
                                                                                              (unaudited)         (unaudited)
Cash flows from operating activities:
<S>                                                                                                 <C>                 <C>
Net loss............................................................................         $(4,066,943)        $(1,911,236)
Adjustments to reconcile net loss to net cash used
    in operating activities:
         Depreciation...............................................................             423,123             159,999
         Amortization of license agreement..........................................              12,500                ____
         Amortization of goodwill...................................................              40,000                ____
         Allowance for doubtful accounts............................................              10,000              20,000
         Loss from equity method investment.........................................              50,250                ____
Changes in operating assets and  liabilities,  net of effects in the acquisition
    of Interboro Institute, Inc:
         Increase in accounts receivable............................................          (1,302,087)           (109,283)
         (Increase)/decrease in prepaid expenses and other current assets...........             (27,332)              2,192
         Increase in inventory......................................................             (96,444)                ____
         (Increase)/decrease in other assets........................................             (42,720)            (18,051)
         Decrease in accounts payable and accrued expenses..........................          (1,721,883)           (733,545)
                                                                                              -----------           ---------
Net cash used in operating activities...............................................          (6,721,536)         (2,589,924)
                                                                                              ----------          -----------
Cash flows used in investing activities:
         Purchase of Interboro Institute, Inc. net of cash acquired.................              16,057                ____
         Net payments for other investments.........................................             (50,000)               ____
         Purchase of equipment......................................................          (1,514,878)           (515,516)
                                                                                              -----------           ---------
Net cash used in investing activities...............................................          (1,548,821)           (515,516)
                                                                                              -----------         -----------
Cash flows from financing activities:

         Net proceeds from issuance of common stock.................................               6,000          13,398,905
         (Increase)/decrease in deferred offering costs ............................             (78,926)            900,000
         Principal payments under capital lease obligations.........................             (11,703)               ____
         Net proceeds from issuance of preferred stock .............................           3,730,000                ____
         Additional expenses incurred in connection with the
           issuance of preferred stock..............................................            (124,229)               ____
                                                                                              -----------         ----------
Net cash provided by financing activities ..........................................           3,521,142          14,298,905
                                                                                              -----------         ----------

Net increase/(decrease) in cash and cash equivalents................................          (4,749,215)         11,193,465
Cash and cash equivalents at beginning of period....................................           6,925,823             914,700
                                                                                              -----------         ----------
Cash and cash equivalents at end of period..........................................         $ 2,176,608         $12,108,165
                                                                                              ===========        ===========
</TABLE>

                                       5
                 See Notes to Consolidated Financial Statements

<PAGE>

                   Notes to Consolidated Financial Statements

Note 1 - Business and Basis of  Presentation

The  accompanying  consolidated  financial  statements  include the  accounts of
Educational Video Conferencing, Inc. ("EVCI") and its wholly owned subsidiaries,
Interboro  Institute,   Inc.  ("Interboro")  and  Interboro  Holding,  Inc.  All
significant   intercompany  balances  and  transactions  have  been  eliminated.
References  below to EVCI include its  subsidiaries  unless the context requires
otherwise.

EVCI is a  leading  aggregator  and  distributor,  via  live  interactive  video
conferencing systems, of accredited college courses and degree programs, as well
as  corporate  training,   professional  development  and  continuing  education
programs.  The  instructor can see and hear the students as the students see and
hear the  instructor and  communicate  with the instructor and other students at
multiple  locations.  Educational  content is currently  being delivered by EVCI
over high speed  point-to-point or multi-point digital data lines (T-1 or ISDN).
EVCI is deploying its proprietary broadband network design which, using Internet
Protocol infrastructure technology,  permits EVCI to continue to provide two-way
multi-point, multi-media voice, video and data transmissions, including over the
Internet,  but with  controlled  bandwidth and  throughput.  Using its broadband
network  design,  EVCI can deliver  educational  content at 30 frames per second
(broadcast quality) through DSL, ATM, T-1 lines, cable modems or satellite.

EVCI can deliver content to conference and training rooms and desktop  computers
equipped  with video  conferencing  capability.  EVCI believes that its distance
learning  technology and content delivery  services comes closest to replicating
the classroom  experience.  EVCI also provides the  consultative,  marketing and
administrative  services  necessary  to recruit and enroll  students and deliver
courses and  programs  to them.  EVCI  receives a fee based on tuition  payments
received by the education provider, typically after completion of courses.

Since  January  14,  2000,  EVCI has,  through  Interboro,  owned  and  operated
Interboro  Institute,  a two year college in New York City.  Interboro Institute
offers degree programs  leading to the Associate of Occupational  Studies Degree
in business  administration  (accounting  and business  management),  ophthalmic
dispensing,  paralegal  studies,  administrative  secretarial  arts  (executive,
legal,   correspondence   or  medical   secretary)  and  security  services  and
management.  Interboro  Institute  continues to operate as a campus  college and
will also provide content for remote delivery by EVCI after requisite regulatory
approvals are obtained.  Most of Interboro  Institute's student body consists of
non-traditional students who pay their tuition using Federal (Pell) and New York
State (TAP) tuition grants.

EVCI  acquired  the  outstanding  stock of Interboro on January 14, 2000 for (i)
$672,500,  payable out of Interboro's earnings before interest,  taxes, debt and
amortization ("EDITDA"), plus (ii) 50% of EBITDA for the three years ending June
30, 2001, 2002 and 2003.

The accompanying  unaudited interim  financial  statements have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information and the requirements of item 310(b) of Regulation S -B. Accordingly,
certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with generally accepted accounting  principles
have been  condensed  or omitted  pursuant to the rules and  regulations  of the
Securities  and  Exchange  Commission.  The  financial  statements  reflect  all
adjustments  (consisting of normal recurring  adjustments) which, in the opinion
of  management,  are  necessary for a fair  presentation  of the results for the
periods shown. There have been no significant changes of accounting policy since
December 31, 1999.

                                        6

<PAGE>

EVCI's  results  of  operations  for the  interim  periods  are not  necessarily
indicative  of the results  expected  for the full fiscal year or for any future
period and should be read in conjunction with the audited  financial  statements
of EVCI as of  December  31,  1999 and for the year  then  ended  and the  notes
thereto in EVCI's 10-KSB for the year ended December 31, 1999.

The  information  in this report gives effect to a one-for-two  reverse split of
the common stock effective February 23, 1999.

Note 2 - Earnings Per Share

Statement of Financial Accounting Standards ("SFAS") No 128, Earnings per Share,
requires dual  presentation  of basic earnings per share ("EPS") and diluted EPS
on the face of all statements for all entities with complex capital  structures.
Basic EPS is computed as net earnings available to common  stockholders  divided
by the  weighted-average  number of common  shares  outstanding  for the period.
Diluted EPS reflects the potential  dilution that could occur from common shares
issuable through stock based  compensation  including stock options,  restricted
stock awards,  warrants and convertible  securities.  Potential common stock has
not been  included in the  computation  of diluted EPS since the effect would be
antidilutive.

Note 3 - Revenue Recognition

EVCI recognizes  income ratably over the semester in which courses are given and
as services are  performed.  Unearned  revenue  from advance  billings is offset
against  accounts  receivable for financial  statement  reporting.  For the most
recent semester  beginning in May, at June 30, 2000 advance billings amounted to
$742,947,  which amounts are expected to be recognized as revenue over the third
quarter of 2000.

Note 4 - Deferred Offering Costs

Deferred  offering costs represent costs that are related to a proposed  private
placement of  securities,  and that EVCI intends to offset  against the proceeds
from the  transaction.  In the event the offering is not  completed  these costs
will be charged to operating expenses.

Note 5 - Preferred Stock

On February 3, 2000, EVCI received gross proceeds of $4,000,000 for the issuance
of 400,000  shares of 7.5% Series A Convertible  Preferred  Stock and three year
warrants to purchase  40,000  shares of EVCI's common stock at $21.27 per share.
The transaction costs of this private placement were approximately  $260,000.  A
value  of  $378,918  was  assigned  to the  warrants.  The  preferred  stock  is
convertible  into shares of EVCI's  common stock at a discount  from the "market
price",  as defined.  EVCI is accounting for the issuance of the preferred stock
in accordance with "Emerging  Issues Task Force Issue No. 98-5," which addresses
the  issuance  of  convertible  securities  that  have a  beneficial  conversion
feature.  The  conversion  feature is  recognized  and measured by  allocating a
portion  of the  proceeds  equal  to the  intrinsic  value  of that  feature  to
additional  paid-in capital.  The amount is calculated as the difference between
the  conversion  price and the fair market  value of EVCI's  common stock at the
date of the issuance.  Any discount resulting from the allocation of proceeds to
the  beneficial  conversion  feature  is  analogous  to a  dividend  and will be
recognized  as a return to the  preferred  stockholder  over the period from the
date of  issuance  through  the date of the  earliest  conversion,  as  defined.
Accordingly,  EVCI  recorded a $441,176  dividend for the six month period ended
June 30, 2000 and will record a dividend of $264,705 in the next fiscal quarter.
EVCI may redeem the preferred  stock at any time until the mandatory  conversion
date in February 2003 at 110%-120% of the stated value as defined.

                                        7

<PAGE>

Note 6 - Income Taxes

No provision for income taxes has been made for all periods presented since EVCI
has net operating losses. These net operating losses have resulted in a deferred
tax asset of  approximately  $856,000 at June 30, 2000.  Due to the  uncertainty
regarding  the ultimate  amount of income tax benefits to be derived from EVCI's
net operating losses, EVCI has recorded a full valuation allowance.

Note 7 - Segment Reporting

EVCI follows  SFAS No. 131,  "Disclosure  about  Segments of an  Enterprise  and
Related Information." As a result of the acquisition of Interboro,  EVCI has two
operating segments:  (1) aggregator and distributor,  via live interactive video
conferencing systems, of accredited college courses and degree programs, as well
as  corporate  training,   professional  development  and  continuing  education
programs and (2)  operator of Interboro  Institute,  a post  secondary  two-year
degree-granting college.

For the six month period ended June 30,  2000,  Reportable  segment data were as
follows:

<TABLE>
<CAPTION>
                                          Three months ended    Six months ended
                                          June 30, 2000         June 30, 2000

<S>                                       <C>                    <C>
Operating revenue:
    EVCI student course registrations     $     268,373          $   568,895
    Interboro Institute                       1,616,923            3,532,015
                                              ---------            ---------
      Total operating revenue             $   1,885,296           $4,100,910
                                             ===========          ===========

Operating companies net income (loss):
  EVCI student course registrations       $   (2,486,128)        $(4,646,498)
  Interboro Institute                             57,063             579,555
                                              ---------            ---------
    Total operating companies net loss    $   (2,429,065)        $(4,066,943)
                                             ===========          ===========

Assets:
    EVCI                                                        $  9,529,217
    Interboro Institute                                            1,058,475
                                                                   ---------
    Total assets                                                $ 10,587,692
                                                                 ===========
</TABLE>

                                        8

<PAGE>

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

The  following  information  should  be read in  conjunction  with  Management's
Discussion and Analysis of Financial Condition and Results of Operations and the
financial  statements  and notes  thereto for the year ended  December  31, 1999
included  in EVCI's  10-KSB for the year  ended  December  31,  1999 and in also
conjunction  with the financial  statements and notes thereto for the six months
ended June 30, 2000 and 1999 included in Item 1 of this report.

Second Quarter Developments

EVCI continued to implement its business  strategy  during the second quarter by
activities that include:

     o EVCI continued to place  significantly  greater emphasis on the marketing
of training and professional development content to corporations.  EVCI signed a
multi-year  agreement with  Telecommunications  Research  Associates  ("TRA"), a
premier  global  provider  of  top-quality   education  for   telecommunications
professionals.  TRA will introduce EVCI's content delivery  services as a way to
satisfy TRA's customer  demands for top-quality  communications  courses,  while
EVCI will introduce TRA to companies outside of TRA's  traditional  client base.
Charles Edinger became president of EVCI's new insurance and financial  services
division  that was formed to offer the delivery by EVCI of  corporate  training,
professional  development and continuing  education programs aggregated by EVCI,
initially to the insurance and financial services  industries.  Prior to joining
EVCI, Mr. Edinger was executive vice president of the College of Insurance.

     o EVCI continued to deploy EVCI's proprietary broadband network design with
the expectation that, in the third quarter,  EVCI will have the ability to begin
delivering  content  over this  network.  There have been  delays in  deployment
because EVCI had to wait for appropriate  locations for the  installation of its
equipment  that  are  proximate  to  the  line   termination   points  of  major
communications carriers.

     o EVCI recruited, hired or retained, and trained and redeployed management,
marketing,  sales,  technical and administrative  personnel.  Bill Talbot became
EVCI's vice president of marketing and sales.  Prior to joining EVCI, Mr. Talbot
was marketing  director for vertical markets at Bell Atlantic.  Staffing changes
during the  second  quarter  also  included  Mr.  Edinger  joining  EVCI and the
appointment  by  Interboro  Institute of Stephen H.  Adolphus as its  president.
Prior to joining  Interboro,  Mr. Adolphus was chief  administrator and academic
officer of Touro College's School of General Studies.

     o EVCI allocated more time,  personnel and other  resources to accelerating
the implementation of agreements with corporate customers.

     o EVCI  signed  a  multi-year  agreement  with  New  York  City  Correction
Officers'    Benevolent    Association   to   co-market    EVCI's    educational
video-conferencing services to the Association's approximately 11,000 members.

     o EVCI expanded into the large medical education market, by entering into a
multi-year  agreement with the American Academy of Professional  Coders to offer
its extensive  educational program to facilities and individuals  nationwide via
EVCI's video conferencing services.

     o With Bell Atlantic Remote Learning Solutions,  EVCI continued a marketing
campaign that bundles the offering of Bell  Atlantic's  DSL services with EVCI's
content,  video  conferencing and other services.  Of the approximately 900 Bell
Atlantic account executives targeted for training to sell the Bell Atlantic/EVCI
Remote Learning Solutions,  approximately 800 had completed training by June 30,
2000.

                                       9

<PAGE>

     o EVCI has installed two demonstration  sites at Bell Atlantic  facilities,
one in Manhattan  and one in  Westchester  County,  New York.  EVCI is currently
installing six other  demonstration sites at various Bell Atlantic facilities in
Massachusetts, New Jersey and New York.

     o EVCI received the Computerworld-Smithsonian Medallion, an award presented
jointly by the Smithsonian Institution and Computerworld Magazine to honor those
leading the information technology revolution.

Comparison of Three Month  Periods Ended June 30, 2000 (second  quarter of 2000)
and June 30, 1999 (second quarter of 1999)

Net  revenues  for the  second  quarter of 2000  increased  to  $1,885,296  from
$192,274 for the second quarter of 1999 due primarily to a 325% increase in EVCI
student course  registrations  to 157 and the addition of Interboro  Institute's
2,450  student  course  registrations.  The  Interboro  Institute  registrations
resulted  in  additional  net  revenue  of  $1,614,051.   Total  student  course
registrations  were 2,607 in the second quarter of 2000 as compared to 37 in the
second  quarter of 1999.  Interboro  Institute had  approximately  725 full time
students  attending school for the spring semester and approximately 500 for the
summer  semester  which  started in May 2000. To increase the rate and amount of
EVCI student course registrations, EVCI has been:

     o  increasing  the  number of  student  recruiters  (from 10 in the  second
quarter of 1999 to 14 in the second quarter of 2000),

     o working more closely with education  providers and customers to implement
and administer their agreements with EVCI,

     o focusing on obtaining education providers with national and international
reputations or regional appeal outside of the Northeast,

     o focusing on increasing corporate training programs, and

     o providing  training to EVCI's  co-marketing  partners  regarding  student
recruitment.

Other  income of $8,517 for the second  quarter of 2000  includes  miscellaneous
income from tuition applications fees and other college related fees.

Interest  income  decreased  to  $49,042  for the  second  quarter  of 2000 from
$140,378  for the  second  quarter of 1999 due to the use of the  proceeds  from
EVCI's IPO for the purposes indicated in Item 2 of Part II of this report.

Cost of sales  increased to $712,474 for the second quarter of 2000 from $73,148
for the second  quarter of 1999 due primarily to an increase of $473,769 for the
direct cost of wages of Interboro Institute's professors and adjunct professors.

Salaries and benefits  increased by 250% to $2,028,000 for the second quarter of
2000 from $579,270 for the second quarter of 1999. EVCI staff  increased  during
the second quarter of 2000 by 2 to 135 employees.  On June 30, 1999, EVCI had 30
employees as compared to 29 on April 1, 1999. Of the increase  during the second
quarter of 2000,  $638,872 is attributable to administrative  staff at Interboro
Institute.  During the second  quarter of 2000,  Interboro  had an increase of 3
employees and EVCI had a decrease of 1 employee.  The 105 employees  added since
June 30, 1999 are engaged as follows: 69 at Interboro Institute and, at EVCI, 17
in sales, 5 in

                                       10

<PAGE>

recruiting, 5 in operations, 1 in business development, 2 in artwork and design,
2 in development and training and 4 in administration.

Marketing,  brochures and student  registrations costs decreased to $217,580 for
the  second  quarter  of 2000  from  $228,705  for the  second  quarter  of 1999
primarily  due to the  replacement  of  outside  agents  and  brokers  with EVCI
salesman and EVCI's  reduced  attendance at trade shows.  These  decreases  were
offset by increases  required for  marketing  EVCI's  services to an  increasing
number of potential students.

Professional  fees  increased  to $276,636  for the second  quarter of 2000 from
$29,519 for the second  quarter of 1999  primarily  due to legal and  accounting
fees resulting  mostly from compliance with SEC disclosure  requirements and for
general   corporate   services   and  fees  for  outside   enrollment   services
administration.

Depreciation  and  amortization  increased to $258,305 for the second quarter of
2000 from  $76,154 for the second  quarter of 1999 as a result of  purchases  of
video  conferencing and other equipment,  including for the deployment of EVCI's
proprietary  broadband  network  design,  and $65,336 of the additional  expense
attributable to Interboro Institute.

Other  expenses  increased  to  $853,925  for the  second  quarter  of 2000 from
$279,665  for  second  quarter  of 1999  primarily  due to  increases  in  rent,
communications,  postage, insurance, computer expenses, travel and entertainment
costs,  office  expenses  and  investor  relations  costs that were  incurred to
support  EVCI's  growth.  $239,567  of the  increase  relates  to  the to  rent,
telephone and other expenses of operating Interboro Institute.

Comparison  of Six Month  Period  Ended June 30, 2000 (first six months of 2000)
and June 30, 1999 (first six months of 1999)

Net  revenues  for the first six months of 2000  increased  to  $4,100,910  from
$339,795  for the first six months of 1999  primarily  due to a 79%  increase in
EVCI  student  course  registrations  to 1,066  and the  addition  of  Interboro
Institute's  5,450 student  course  registrations.  The Interboro  registrations
resulted  in  additional  net  revenue  of  $3,532,015.   Total  student  course
registrations were 6,516 for the first six months of 2000 and from approximately
596 for the first six months of 1999.

Other income of $33,794 for the first six months of 2000 includes  miscellaneous
income from tuition  applications  fees and other  Interboro  Institute  related
fees.

Interest  income  decreased  to  $133,289  for the first six months of 2000 from
$197,229  for the first six months of 1999 due to the use of the  proceeds  from
EVCI's IPO for the purposes indicated in Item 2 of Part II of this report.

Cost of sales  increased  to  $1,241,605  for the first six  months of 2000 from
$131,606  for the  first six  months of 1999 due  primarily  to an  increase  of
$917,225 for the direct cost of wages of  Interboro  Institutes  professors  and
adjunct professors.

Salaries and benefits  increased by 239% to $3,772,886  for the first six months
of 2000 from  $1,113,179 for the first six months of 1999.  EVCI staff increased
during the six  months of 2000 by 73 to 135 from 62 on January 1, 2000.  On June
30, 1999,  EVCI had 30  employees  as compared to 18 on January 1, 1999.  Of the
increase during the first six months of 2000,  $1,246,908 is attributable to the
addition of the administrative staff at Interboro  Institute.  The 73 additional
employees are engaged as follows:  72 at Interboro  Institute  and, one at EVCI,
after giving effect to redeployment and reduction of staff.

                                       11
<PAGE>

Marketing,  brochures and student  registrations costs increased to $588,191 for
the first six months of 2000 from  $473,332 for the first six months of 1999 due
primarily  to costs of  marketing  EVCI's  services to an  increasing  number of
potential  students.  The increase  was offset by  decreases,  of  approximately
$130,000, resulting from the replacement of outside agents and brokers with EVCI
salesman and EVCI's reduced attendance at trade shows.

Professional  fees  increased  to $468,410 for the first six months of 2000 from
$60,609 for the first six months of 1999  primarily due to legal and  accounting
fees resulting  mostly from compliance with SEC disclosure  requirements and for
general   corporate   services   and  fees  for  outside   enrollment   services
administration.

Depreciation and amortization  increased to $498,476 for the first six months of
2000 from  $159,999 for the first six months of 1999 as a result of purchases of
videoconferencing and other equipment,  including for the testing and deployment
of EVCI's proprietary broadband network design and $92,587 of additional expense
attributable to Interboro Institute.

Other  expenses  increased to  $1,715,368  for the first six months of 2000 from
$509,535  for the first six months of 1999  primarily  due to increases in rent,
communications,  postage, insurance, computer expenses, travel and entertainment
costs,  office  expenses  and  investor  relations  costs that were  incurred to
support  EVCI's  growth.  $419,620  of the  increase  relates  to  the to  rent,
telephone and other expenses of Interboro Institute.

Liquidity and Capital Resources

EVCI's  initial  public  offering was  completed  in the first  quarter of 1999,
resulting in gross proceeds to EVCI of  $16,060,000  and net proceeds to EVCI of
approximately $13,399,000.

During the first quarter of 2000,  EVCI infused  $1,800,000  into  Interboro for
working capital to satisfy  certain net worth and other financial  requirements.
EVCI does not currently  anticipate that Interboro will require  additional cash
infusions from EVCI for the foreseeable future.

On February 3, 2000, EVCI received gross proceeds of $4,000,000 and net proceeds
of  approximately  $3,740,000 for the issuance of 400,000 shares of its Series A
7.5% Convertible Preferred Stock to The Shaar Fund Ltd.

Capital  expenditures  for the first six months of 2000  increased to $1,514,878
compared to $515,516  for the first six of 1999.  This  increase  was  primarily
attributable  to purchases of video  conferencing  equipment  required at EVCI's
education   providers'  and  corporate   customers'  sites  where  EVCI's  video
conferenced  programs  are offered and for the purchase of equipment to test and
deploy EVCI's proprietary broadband network design.

EVCI anticipates, based on current plans and assumptions relating to its
operations, that the proceeds from its Series A Preferred private placement and
cash flow from its operations will be sufficient to satisfy its cash
requirements for at least the next three months. With the assistance of an
investment banker, EVCI is in the process of offering up to $20 million of its
equity securities in a private placement to institutional investors. EVCI
currently believes it can complete this private placement prior to year- end. In
the interim, it is in the process of negotiating the terms of a $4 million
private placement of a new series of its prefferred stock. EVCI believes that
the proceeds of a $4 million placement would satisfy its cash needs for up to
four additional months. After that, EVCI expects it will require additional
funding in order to grow. However, EVCI's ability to obtain needed financing and
its cost to EVCI are uncertain. Accordingly, EVCI may be forced to curtail its
operations and/or its planned business expansion.


                                       12

<PAGE>

Forward-Looking Statements and Risk Factors

This Form 10-QSB contains forward looking statements that involve assumptions,
risks and uncertainties. The words "anticipates," "estimates," "believes,"
"expects," "will," "could," "may," "plans," and similar words are intended to
identify forward-looking statements. EVCI's actual results could differ
materially from those anticipated in these forward-looking statements as a
result of certain factors including:

     o the need for substantial additional capital to operate and grow,

     o insufficient demand for EVCI's content and broadband services,

     o delays in rolling  out  marketing  programs or in  implementing  existing
       customer agreements,

     o delays in deploying EVCI's proprietary broadband network design,

     o an inability to satisfy demand for EVCI's services,

     o competition,

     o dependence on EVCI's chairman, president and other management and

     o the other specific risk factors  included in EVCI's filings with the SEC,
including its form S-3 registration  statement  effective June 2, 2000 (file no.
333-34190).

Should  any of these or other  risks and  uncertainties  materialize,  or should
underlying assumptions prove incorrect,  actual results may vary materially from
those anticipated by forward-looking  statements.  EVCI undertakes no obligation
to update forward-looking statements.

                                     PART II

                                OTHER INFORMATION

Item 2.  Changes in Securities and Use of Proceeds

Through June 2000, the net proceeds of the IPO has been used as follows:

         Cash and investment grade obligations                   $  - 0 -
         Purchasing and installing video conferencing equipment    4,521,000
         Marketing                                                 1,876,000
         Hiring and training additional personnel                  2,104,000
         Investment in Visiocom USA Incorporated                     250,000
         Interboro working capital                                 1,800,000
         Other working capital and operating expenses              2,848,000
                                                                 -----------
                                                                 $13,399,000
                                                                 ===========
-----------------------------------
*At June 30, 2000.

                                       13

<PAGE>

Item 6.  Exhibits and Reports on Form 8-K

(a)  The following exhibits are filed as a part of this report:


Exhibit No.                         Description of Exhibit
-----------                         ----------------------

    4.7     -     Warrant  Agreement,  dated as of April 18,  2000,  between the
                  Registrant and Peter J. Solomon Company Limited.

  *10.53    -     Agreement,  dated  April  27,  2000,  between  Registrant  and
                  Telecommunications  Research  Associates  for the  Offering of
                  Interactive Video Conferenced Courses.

   10.54    -     Agreement,  dated May 31,  2000,  between  Registrant  and the
                  Correction Officer's Benevolent Association of the City of New
                  York for the Offering of Interactive Video Conferenced Courses
                  in  Criminal  Justice  and other  appropriate  College  Degree
                  Programs.

  *10.55    -     Agreement, dated June 1, 2000, between Registrant and American
                  Academy of  Professional  Coders,  Inc.  for the  Offering  of
                  Interactive Video Conferenced Courses.

   27       -     Financial Data Schedule

(b) No reports on Form 8-K were filed by EVCI during the quarter  ended June 30,
2000.

                                       14


--------------------
*  Confidential  treatment  has been  requested  with  respect  to the  redacted
portions of this exhibit.

<PAGE>


                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the issuer caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.

                                   EDUCATIONAL VIDEO CONFERENCING, INC.




Dated: August 11, 2000             By:    /s/ Richard Goldenberg
                                       -----------------------------
                                          Richard Goldenberg
                                          Chief Financial Officer
                                         (Principal Financial and
                                            Accounting Officer)


                                       15
<PAGE>

                                  EXHIBIT INDEX

Exhibit No.             Description of Exhibit
-----------             ----------------------

    4.7     --  Warrant  Agreement,  dated as of April 18,  2000,  between the
                Registrant and Peter J. Solomon Company Limited.

  *10.53    --  Agreement,  dated April 27,  2000,  between  Registrant  and
                Telecommunications  Research  Associates  for the  Offering of
                Interactive Video Conferenced Courses.

   10.54    --  Agreement,  dated May 31, 2000,  between  Registrant and the
                Correction Officer's Benevolent Association of the City of New
                York for the Offering of Interactive Video Conferenced Courses
                in  Criminal  Justice  and other  appropriate  College  Degree
                Programs.

  *10.55    --  Agreement,  dated  June  1,  2000,  between  Registrant  and
                American Academy of Professional Coders, Inc. for the Offering
                of Interactive Video Conferenced Courses.

   27       --  Financial Data Schedule


                                       16






--------------------
*  Confidential  treatment  has been  requested  with  respect  to the  redacted
portions of this exhibit.